Blog Archives

Notification No. 7/2019-Customs (ADD), Dated: 07.02.2019

Seeks to impose definitive anti-dumping duty on imports of “Non-Plasticized Industrial Grade Nitrocellulose Damped in Isopropyl Alcohol having Nitrogen content in the range of 10.7% to 12.2%” originating in or exported from Brazil, Indonesia and Thailand vide NOTIFICATION No. 7/2019-Customs (ADD) dated 7th February, 2019. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE NOTIFICATION No. 7/2019-Customs […]

Rationalization of customs duty & procedures to boost Make in India initiative 

Rationalization of customs duty and procedures to give boost to ‘Make in India’ initiative  RFID technology to be used to improve export logistics  The Government has undertaken rationalization of customs duties and procedures to promote the “Make in India” initiative. While presenting the Interim Budget 2019-20 in Parliament today, the Union Minister for Finance, Corporate […]

Rationalization of customs duty & procedures to boost Make in India initiative 

Rationalization of customs duty and procedures to give boost to ‘Make in India’ initiative  RFID technology to be used to improve export logistics  The Government has undertaken rationalization of customs duties and procedures to promote the “Make in India” initiative. While presenting the Interim Budget 2019-20 in Parliament today, the Union Minister for Finance, Corporate […]

Anti-dumping duty on Fluoroelastomers (FKM) import from China

CBIC seeks to impose definitive anti-dumping duty on Fluoroelastomers (FKM) originating in or exported from China PR vide Notification No. 6/2019-Customs (ADD) Dated 28th January, 2019 MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 28th January, 2019 Notification No. 6/2019-Customs (ADD) G.S.R. 52(E).—Whereas, in the matter of import of ‘Fluoroelastomers (FKM)’ (hereinafter referred […]

List of CBIC staff / Officers getting Presidential Award on 26.01.2019

Grant of Presidential Awards to the Officers of the Central Board of Indirect Taxes and Customs (CBIC) on the eve of the Republic Day, 2019 Every year, the Officers of the Central Board of Indirect Taxes and Customs (CBIC) Department are considered for grant of Presidential Award of Appreciation Certificate for ‘Exceptionally Meritorious Service Rendered […]

Reflections on Current Policy Issues Facing Indian Economy

Indian economy has witnessed an accelerated pace of domestic reforms in recent years. These reforms include, inter alia, the flexible inflation-targeting monetary policy framework, the Insolvency and Bankruptcy Code (IBC), the Goods and Services Tax (GST) and steps for enhancing foreign investments by liberalising the FDI regime and undertaking efforts to provide a conducive business climate.

Customs Rate of Exchange of Foreign Currency wef 18.01.2019

Customs Rate of Exchange of Foreign Currency Conversion wef 18.01.2019 notified vide Notification No. 05/2019 – Customs (N.T.) dated 17th January, 2019. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No. 05/2019-Customs (N.T.) New Delhi, dated the 17th January, 2019 In exercise of the powers […]

Notification No. 03/2019-Customs (ADD), Dated: 15.01.2019

Seeks to further amend notification No. 1/2017-Customs(ADD) dated 5th January, 2017 to prescribe ADD on exports from Janata Jute Mills Ltd., M/s. Aman Jute Fibrous Ltd. (Producer) and M/s IB Jute Corporation on the basis of final findings of the Designated Authority in this regard. Government of India Ministry of Finance (Department of Revenue) Notification […]

Notification No. 02/2019-Customs (ADD), Dated: 15.01.2018

seeks to rescind notification Nos.30/2018 – Customs(ADD) and 31/2018 – Customs (ADD) both dated 30.05.2018 that provided for provisional assessment of jute goods exported from Bangladesh or Nepal by M/s Janata Jute Mills Ltd., M/s. Aman Jute Fibrous Ltd. (Producer) and M/s IB Jute Corporation (Exporter/ Trader) till the final findings of New Shipper Review […]

DIPP clarifies on FDI policy on e-commerce after recent media reports

FDI policy on e-commerce, first pronounced through Press Note 2 of 2000, permitted 100% FDI in B2B e-commerce With a view to clarify the already existing policy framework, after extensive stakeholder consultations, Press Note 3 was issued by DIPP in 2016. B2C e-commerce, that is multi-brand retail through inventory based model, has all along remained prohibited for FDI.

CBIC exempts BCD and IGST for imports by NTRO

CBIC partially amends notification No. 37/2017-Customs dated 30.06.2017 in order to exempt BCD and IGST for imports by NTRO. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 81/2018–Customs New Delhi, the 17th December, 2018 G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, […]